TMFBomb (92.93)

The Worst Move of the Day

7

Below is the headline and blurb I read in the Wall Street Journal...really, Ford? Oil prices fall and two seconds later this is your reaction? Forecasting growing demand for a gas guzzler? You've forgotten about the recession we're in?

Really makes you wonder about the $25 billion in auto bailout money...

Truck sales have fallen off a cliff, the decline began well over a year ago. The Nissan Titan plant is closed, GM Ford Chrysler and Toyota all cut back production in a big way. Trucks get old and die and have to be replaced. With Nissan out, Chrysler/Gm slowing Ford may well capitalize on its brand loyalty among buyers who genuinely need a truck. SUV buyers are not the same as truck buyers. Toyota is increasing truck production in Mexico, while decreasing it at its NUMMI plant. The demand will likely be there after 1-2 years of not buying and competitors scaling back. In two years Ford may be considered "nimble"...

If you are opposed to the Government's bailout of Cerberus Capital Management, the owner of GMAC and Chrysler please join our petition.

Cerberus Capital Management the multi-billion dollar vulture hedge fund has made billions of dollars for it's owner Steve Feinberg and the hedge fund's wealthy investors by taking advantage of other companies going bankrupt. Now that Cerberus is faced with massive losses they want help from the US Taxpayer.

It is ironic that Cerberus Capital Management's founder Steve Feinberg, well known for his ruthless and cutthroat style of vulture investing is now looking for the US Taxpayer to bail him out. Cerberus Capital Management has made billions of dollars by wiping out share holders, pensions, laying off employees and liquidating companies without a second thought. Steve Feinberg is known throughout Wall Street and the investment community as one of the meanest, vindictive and ruthless investors in the world. He has benefited personally over the years by taking advantage of others who had fallen on hard times.

Join us in out fight against bailing out one of the richest men in America, Steve Feinberg, his losing investment in Chrysler and GMAC and the multi-millionaire investors in Cerberus Capital Management.